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Question
What journal entry we made in books when our building convert into flats
Replies (11)
No entry is required..Flats and building are in same grouping..
No entry required at the time of conversion
Entry should be required only at the time of sale of flats
It is better to change Ledger name
So sir what i do with the renovation and the charges which i paid to convert it,
Help me
Help me
just add to work in progress
u can also have another option. Debit the expense to p&l account
Pls make a journal entry for me to got it easy?
So the journal entry is that:-
Exp. A/c dr.
To p&l a/c
Exp. A/c dr.
To p&l a/c
What cr. P&l or building or flat group
Its An Event NOT A Transaction
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